Zidisha Forum

This is what I get We're sorry, your loan application was not approved. Since available lending funds and approval criteria may change in the future, we recommend checking your dashboard periodically and trying a new loan application when the Loan Proposal button is again displayed.

Hello Catherine,
I'm sorry for your trouble in applying another loan.
I think that happened because your on-time score is lower than 50%.
From my own observation from this forum, the borrower who have on-time score below 50% have to be more patient as the the algorithm think the borrower are high risk (this is my own opinion). You really need to improve your on-time score, if you have opportunity to reapply and meet expedite service; take it to expedite your loan, that the fastest way in my opinion for you to be fully funded and able to improve your on-time score and please note that will cost you more as there will be credit risk, service fee and expedite service that you have to pay in the loan.

Please try to read the announcement section to know more about credit risk and why credit risk appear and also please read Dave thread to know how to improve your on-time score.goyimei.info/forum-threa...
Good luck

Hello Catherine,
I'm sorry for your trouble in applying another loan.
I think that happened because your on-time score is lower than 50%.
From my own observation from this forum, the borrower who have on-time score below 50% have to be more patient as the the algorithm think the borrower are high risk (this is my own opinion). You really need to improve your on-time score, if you have opportunity to reapply and meet expedite service; take it to expedite your loan, that the fastest way in my opinion for you to be fully funded and able to improve your on-time score and please note that will cost you more as there will be credit risk, service fee and expedite service that you have to pay in the loan.

Please try to read the announcement section to know more about credit risk and why credit risk appear and also please read Dave thread to know how to improve your on-time score.goyimei.info/forum-threa...
Good luck

Hello fitri, this has virtually nothing to do with on-time payment record nor whether you are a new member or not. My repayment record is 100% and I am also not a new member but my loan has not been approved since 9/10/18As I write today, I am told to create new loan proposal but I know it will been approved base on the previous experience.

Rose,
you have paid your loans in full but the On Time Repayments field still shows 'New Member' for you. The reason is that for the 3 loans that you took and paid off fully, you paid them off before they were due.

This pattern is often seen when borrowers take loans and repay them within week only to build higher credit limit. However, it does not establish a solid, reliable repayment pattern that indicates that you actually used the money for your business and generated enough steady profits to pay back the loan.

Your current loan has 4 week term. If you make payments on the day they are due or within a week (it might be less than week, not sure) when they are due, it will help build a good On Time Repayments score.

Please am Kyeremeh Isaac I also had the kind of problem after I started with new proposal this is the feeback

(We're sorry, your loan application was not approved. Since available lending funds and approval criteria may change in the future, we recommend checking your dashboard periodically and trying a new loan application when the Loan Proposal button is again displayed.)

Please help us because I need the loan to buy more goods tomorrow. Please I need your help.

Hi Leah,
Actually, if you try to check you own profile (please see the picture below), you still written as new member even though you have applied few loan, if you read Laurie information on my link above on my replied to Catherine you will see that early payment do nothing on your on-time score. Or try to read Laurie answer to Joshi heregoyimei.info/forum-threa...

My opinion came from looking at this forum thread and one of borrower who reach me out and that having more than 5 times get the same notification as Catherine.
I only know that there are 2 notification on borrower dasboard
1. We're sorry, your loan application was not approved, this usually because their on-time score little.
When you ask Zidisha staff from the support ticket, I think the answer will always the same " check your dashboard when apply new loan appear again. The solution I can only suggest is when able to apply and have expedite option; take it and pay the loan dutifully as the due date to improve the ontime score.
2. Created to many loan proposal at a time, if this message appear on your dasboard, you need to wait probably a week time since that notification appear to apply another loan.but keep in mind that you only have 2 attempt in applying loan, the third attempt will make that notification reappear again.

Actually, I don't know why if "new member" or the one who have higher ontime score get notification as the same as Catherine.
Loan to Indonesian on hold at the moment, so I only have this forum to try see the pattern and all.

Hi Leah,
Actually, if you try to check you own profile (please see the picture below), you still written as new member even though you have applied few loan, if you read Laurie information on my link above on my replied to Catherine you will see that early payment do nothing on your on-time score. Or try to read Laurie answer to Joshi heregoyimei.info/forum-threa...

My opinion came from looking at this forum thread and one of borrower who reach me out and that having more than 5 times get the same notification as Catherine.
I only know that there are 2 notification on borrower dasboard
1. We're sorry, your loan application was not approved, this usually because their on-time score little.
When you ask Zidisha staff from the support ticket, I think the answer will always the same " check your dashboard when apply new loan appear again. The solution I can only suggest is when able to apply and have expedite option; take it and pay the loan dutifully as the due date to improve the ontime score.
2. Created to many loan proposal at a time, if this message appear on your dasboard, you need to wait probably a week time since that notification appear to apply another loan.but keep in mind that you only have 2 attempt in applying loan, the third attempt will make that notification reappear again.

Actually, I don't know why if "new member" or the one who have higher ontime score get notification as the same as Catherine.
Loan to Indonesian on hold at the moment, so I only have this forum to try see the pattern and all.

I think Zidisha system is somehow takes all people to be the same. I believe to have the very excellent records all the way from 2012 with early repayment of 100% but currently my new loan application has been declined twice.If you look at my profile you will be left with more questions than answers. I believe there must be something that is not clear to all of us as at now.

Going forward, I think it will work best if more clarification is done by Zidisha staff to avoid further speculation.

this tread all zidisha members, who can answer and provide solutions only the zidisha team, member answers only copy paste and every answer that has passed is certainly different from the current system,
I see the payment on time Walter Onyore 178/100% he also expired, of course the current system has changed, not the cause of bad payments, even on-time payments and loans expire, please the Zidisha team to provide answers regarding the loan problem

this tread all zidisha members, who can answer and provide solutions only the zidisha team, member answers only copy paste and every answer that has passed is certainly different from the current system,
I see the payment on time Walter Onyore 178/100% he also expired, of course the current system has changed, not the cause of bad payments, even on-time payments and loans expire, please the Zidisha team to provide answers regarding the loan problem

Am also experiencing the same problem. Though am a new member, I have 100% repayment records on time. Please help me out with the system which is making it difficult for me to access the zidisha loan. Thank you.

Hi Walter and Rose,
I'm sorry it take awhile to find the link from the previous Thread here that discussed about this same thread.
Dave, a former Volunteer from Zidisha explain about the answer from Julia. Please try to read this link. I said former because I saw that Zidisha Volunteer have green star beside their name; and currently Dave have no star.

Indeed, it's like it has nothing to do with on-time repayment. I have said above for borrower whose ontime score below 50% as I have seen they got that notification more than 3/4 times, for example Catherine. That's why I advice Catherine to accept expedite service if by any chance she get a chance to apply and have the expedite service available to fix her on-time score.

Do you both (Walter and Rose) or others who have on-time score above 50% or still written new member get that notification more than one time ? how many times if I may know?
How many days after that notification appear on your dashboard gone and the button to apply new loan appear again? Did it 14 days? Did you get email notification that you can reapply?
I'm learning in this forum so, thanks for the correction.

Hi Walter and Rose,
I'm sorry it take awhile to find the link from the previous Thread here that discussed about this same thread.
Dave, a former Volunteer from Zidisha explain about the answer from Julia. Please try to read this link. I said former because I saw that Zidisha Volunteer have green star beside their name; and currently Dave have no star.

Indeed, it's like it has nothing to do with on-time repayment. I have said above for borrower whose ontime score below 50% as I have seen they got that notification more than 3/4 times, for example Catherine. That's why I advice Catherine to accept expedite service if by any chance she get a chance to apply and have the expedite service available to fix her on-time score.

Do you both (Walter and Rose) or others who have on-time score above 50% or still written new member get that notification more than one time ? how many times if I may know?
How many days after that notification appear on your dashboard gone and the button to apply new loan appear again? Did it 14 days? Did you get email notification that you can reapply?
I'm learning in this forum so, thanks for the correction.

Do we have any update on this issue as I am experiencing same message on my dashboard "We're sorry, your loan application was not approved. Since available lending funds and approval criteria may change in the future, we recommend checking your dashboard periodically and trying a new loan application when the Loan Proposal button is again displayed." Also the help button to create support ticket is not working. Thank you Zidisha